Futurpreneur Canada Newcomer Program
Futurpreneur Canada
Overview
If you are a newcomer entrepreneur between the ages of 18-39 years, you could get a flexible business startup loan of up to $25,000 of which $12,500 is financed by Futurpreneur and $12,500 by BDC, without having an established credit history and receive one-on-one mentorship, access to resources and networking opportunities to young entrepreneurs who are new to Canada
At a glance
| Categories | loan, advisory |
|---|---|
| Funding | $25,000 |
| Status | Accepting applications |
| Region | ALL |
| Sectors | general |
Eligibility and requirements
Money Maximum loan amount: up to $12,500 with a term of over 5 years from Futurpreneur + up to $12,500 from BDC BDC Repayment Terms & Fees: Contact your local BDC office Futurpreneur loan: Interest-only payments: first year Repayment of principal in equal monthly installments together with interest: over remaining 4 years Loan management fee: A one time fee of 1% of the total loan amount is charged at time of disbursement You Are a Canadian citizen or permanent resident of Canada and you physically reside in Canada Are between the ages of 18-39 at the time of application Have lived in Canada less than 60 months Have limited or no established credit history in Canada Have the required documentation Participants must have a social insurance number (SIN) that does not begin with a “9” Participants must provide two character-based references with one from a Canadian citizen Note: Full eligibility criteria and a list of ineligible businesses can be found on the program website.
How Mona Studio helps business owners use this program
Futurpreneur Canada Newcomer Program is one of many Canadian funding options listed in our grant finder. Mona Studio helps general teams translate program requirements into a practical workflow or AI adoption scope for leadership review, grant writers, and lenders. We summarize eligibility and funding here for discovery — confirm all details on the official program website before applying.
Similar funding opportunities
- Aboriginal Entrepreneurship Program — Access to Capital — National Aboriginal Capital Corporation Association (NACCA)
- Advance Payments Program (Agriculture) — Government of Canada, Agriculture and Agri-Food Canada
- Agribusiness Financing — Government of Canada, Farm Credit Canada
- Baffin Business Development — Financial Assistance — Baffin Business Development Corporation
- BDC Capital — Growth Equity Partner — Government of Canada, Business Development Bank of Canada